Question
On January 1, Year 1, Ballard company purchased a machine for $46,000. On January 1, Year 2, the company spent $16,000 to improve its quality.
On January 1, Year 1, Ballard company purchased a machine for $46,000. On January 1, Year 2, the company spent $16,000 to improve its quality. The machine had a $10,000 salvage value and a 6-year life, which are unchanged. Ballard uses the straight-line method. What is the book value of the machine on December 31, Year 4?
Multiple Choice
$18,000
$9,200
$18,400
$28,400
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Answer Option 4th is correct 28400 year 1 Depreciation 46000 10000 6 years 6000 Year 2 to y...
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Modern Advanced Accounting In Canada
Authors: Hilton Murray, Herauf Darrell
7th Edition
1259066487, 978-1259066481
